Retail Supply Trader

bp•Houston, TX

3d•Hybrid

About The Position

The Retail Supply Trader will participate in the management and profitability analysis of the Trading Commercial & Industrial retail electricity load portfolio. This individual will identify opportunities and work with affiliate business units and functional groups to develop and deploy innovative solutions that leverage fundamental analysis, advanced analytics, and market acumen.

Requirements

Bachelor's degree required in a quantitative field such as math, statistics, IT, quantitative finance or engineering
Mid-level experience related to retail analytics, trading, demand response, portfolio optimization, asset optimization
Strong working knowledge of ISO markets, the electric power grid and marketplace, specifically in the ERCOT, NYISO, NEPOOL, MISO, PJM regions
High level of proficiency in Excel and working knowledge of VBA and SQL required.
Analytical skills required for pricing, risk assessment and transaction structuring
Strong individual contributor with consultative style and strong collaboration and teamwork
Skilled at working across multi-disciplinary functions and departments
Proficient in collecting, querying, organizing, and analyzing complex data, evaluating information, and drawing logical conclusions

Nice To Haves

Python working knowledge preferred

Responsibilities

Support Portfolio Optimization team by maintaining and providing transactable prices for approved tradable products as well as market information to the retail pricing functions, salespersons and customers
Provide market access, price discovery and transaction execution in approved products for BP clients
Work closely with the Marketing team to help guide their efforts to provide opportunities that are aligned with trading ideas
Help maintain customer relationships when called upon where superior market fundamental knowledge can be leveraged and the ability to articulate that knowledge to broader audiences
Responsible for all hedging and optimization activity around BP’s portfolio of retail customers
Price, manage, and book deals consisting of a variety of non-standard products which include shaped schedules, odd-lots deals, off-hub locations and options
Assist in the development of the Portfolio Management strategy
Help identify structured opportunities and participate in closing those transactions when necessary
Manage the risk associated with a non-standard portfolio while adhering to allocated risk limits
Manage forecasted load deviations and exposures in prompt and cash months
Work closely with the Legal Team to draft customer specific contract language as needed
Build and maintain databases as necessary
Understand and align with all internal policies as well as those of CFTC, SEC, FERC, and any other regulatory body or exchange